INES Corporation, First Half Ordinary Profit Increases by 1%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Thu Oct 31, 2024 3:00 pm JST Earnings

9742 INES Corporation 【J-GAAP】

Earnings Report

INES Corporation <9742> [TSE-P] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 898 million yen, a 0.9% increase compared to the same period last year. However, The progress rate against the 4 billion yen full-year plan was 22.5%, also falling below the five-year average of 43.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 68.4% from the same period last year, reaching 3.1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 7.0 times that of the same period last year, reaching 1.2 billion yen. The operating profit margin drastically improved from 1.7% in the same period last year to 11.7%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	19,987	1,525	1,563	991	47.7	40.3	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	19,612	856	890	473	22.8	32.6	Oct 30, 2023	J-GAAP
Apr - Sep, 2024	18,631	876	898	537	25.8	22.5	Oct 31, 2024	J-GAAP
YoY	-5.0%	+2.3%	+0.9%	+13.5%	+13.5%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	－	Apr 30, 2024	J-GAAP
Apr - Sep, 2024 Results	18,631	876	898	537	25.8	25	Oct 31, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	20,945	2,021	1,842	1,322	63.6	25	Apr 30, 2024	J-GAAP
Oct - Mar, 2024 Guidance	25,369	3,124	3,102	2,163	104.0	30	Oct 31, 2024	J-GAAP
YoY	+21.1%	+54.6%	+68.4%	+63.6%	+63.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	42,404	3,801	3,882	2,541	122.2	45	Apr 28, 2023	J-GAAP
Mar, 2024	40,557	2,877	2,732	1,795	86.3	50	Apr 30, 2024	J-GAAP
Mar, 2025 Guidance	44,000	4,000	4,000	2,700	129.8	55	Apr 30, 2024	J-GAAP
YoY	+8.5%	+39.0%	+46.4%	+50.4%	+50.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	9,655	162	171	96	4.6	1.7	Oct 30, 2023	J-GAAP
Oct - Dec, 2023	9,393	312	357	236	11.4	3.3	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	11,552	1,709	1,485	1,086	52.2	14.8	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	8,436	-321	-304	-275	-13.2	-3.8	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	10,195	1,197	1,202	812	39.1	11.7	Oct 31, 2024	J-GAAP
YoY	+5.6%	+638.9%	+602.9%	+745.8%	+745.5%